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Nvidia will pay $5.5 million as part of a settlement with the SEC

bitcoin bitcoin miners cryptocurrency Nvidia SEC

Nvidia will pay $5.5 million as part of a settlement with the SEC

Nvidia will pay $5.5 million as part of a settlement with the SEC for failing to properly inform investors about how cryptocurrency miners were fueling demand for its graphics cards. Nvidia neglected to reveal how digital money mining drove development in the second and third financial quarters of 2018, which occurred in 2017, the SEC said in a recording. The deal marks the end of a saga in which Nvidia, best known for producing graphics cards for games, ended up with a surprise boost in revenue from cryptocurrency miners who then refused to go intangible. Nvidia declined to comment. Illustrations...

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